Technical Analysis

Preview – here is what’s anticipated from the primary spherical of PMIs due from China for February

I posted on early indications for the Chinese language economic system right here:

I’m cautious of those indications of early restoration. Possibly the figures will not be as unhealthy because the earlier but when not they will not be a lot better. Consensus Bloomberg expectations are low additionally (see beneath) and present a worse result’s anticipated for February than in January. As all the time, deal with the Jan & Feb knowledge with a grain of salt because of the prolonged holidays round this time every year.  

Due on 28 February at 0100GMT are the official PMIs (through NBS) with the privately surveyed PMIs following the following day.

Official:

Manufacturing PMI anticipated 49.four. prior 49.5Non-manufacturing PMI anticipated 54.5, prior 54.7Composite prior 53.2

Caixin/Markit PMIs
(these are the non-public survey ones, due 1 March at 0145GMT)

Manufacturing PMI anticipated 48.5 prior 48.3Non-manufacturing PMI anticipated 54.zero, prior 53.6Composite prior 50.9


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